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Raiffeisenbank opens a new subsidiary in Tyumen — the 3,000th office of Raiffeisen International Bank-Holding AG

On October 24, 2007 ZAO Raiffeisenbank Austria opened a new subsidiary in Tyumen. This is the tenth Russian region where the bank now serves private and corporate customers. This opening is particularly significant for Raiffeisen International Bank-Holding AG, the sole shareholder of ZAO Raiffeisenbank Austria, since the Tyumen subsidiary is the 3,000th business outlet in Central and Eastern Europe (CEE).

The opening ceremonies were held at the subsidiary's offices and attended by Raiffeisenbank management board members Johann Jonach, Pavel Gurin and Christoph Schoefboeck. Other honored guests at the ceremony included Austria's ambassador to Russia Martin Vukovich, Tyumen Region governor Vladimir Yakushev.

The press conference was devoted to the Bank's plans for business in the region. In response to journalists' questions, Johann Jonach, the CEO of ZAO Raiffeisenbank Austria, stated: «The economic potential of the Tyumen Region is attracting increasing interest from business and major financial structures, including international corporations. The experience of leading global and Russian companies demonstrates that investment in the region's economy is an excellent use of funds; hence, our decision to open a subsidiary in Tyumen.»

The new office will be open to clients Monday through Friday from 9:00 to 20:00 and Saturdays from 10:00 to 17:00 and will have a 24-hour ATM. Like all of Raiffeisenbank's other branches and subsidiaries, the Tyumen office will offer a full range of services to corporate and private clients, including loan products, deposits, current accounts, all types of cards, safe deposit boxes, travellers cheques, investment products.

The subsidiary will also offer the services of Raiffeisenbank affiliates OOO Raiffeisen Leasing, NPF Raiffeisen, and OOO UK Raiffeisen Capital.

ZAO Raiffeisenbank Austria is ranked 8th in terms of assets among top Russian banks based on H1 2007 results (Interfax-СЕА). At present the bank disposes of 33 branches in Moscow, 6 branches in Saint Petersburg and regional branches in Ekaterinburg, Samara, Novosibirsk, Chelyabinsk, Nizhny Novgorod, Krasnodar, Krasnoyarsk, Perm and Tyumen, representative office and credit cash office in Ufa. Raiffeisenbank is ranked 7th in terms of corporate lending based on H1 2007 results (Interfax-СЕА). Among the leading retail banks Raiffeisenbank is the 6th largest bank in Russia in terms of private deposits based on H1 2007 results (Interfax-СЕА).

ZAO Raiffeisenbank Austria is a subsidiary of Raiffeisen International Bank-Holding AG, which operates the largest banking network in CEE. 18 markets of Europe’s growth region are covered by subsidiary banks, finance leasing companies, two representative offices and a number of other financial service providers. About 13 million customers are attended to through 3,000 business outlets. Raiffeisen International is a fully consolidated subsidiary of Raiffeisen Zentralbank Osterreich AG (RZB), which owns 68.5 per cent of the common stock. The balance per cent is free float, the shares are traded on the Vienna Stock Exchange. RZB is a leading corporate and investment bank in Austria and the central institution of the Austrian Raiffeisen Banking Group, the country’s largest banking group.


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